Posted on 07/27/2006 6:24:35 AM PDT by abb
Business, says Natoli’s memo, is “Not so good. Ad revenues increased by 1 percent in May, but June and July combined will be down 7-8 percent.”
Ping
'The elite owners/publishers of today's dinosaur fishwraps are the modern day, Norman Bates. They are trying to keep the corpses alive by refusing to bury them.'
Freakin' evil BIG MEDIA PIGS!! How dare they leave the inner city. What is this, white-flight? How big were their bonuses and why are they abandoning all the people?
Companies do this all the time, mostly due to property taxes, property values, or some sort of disagreement with the city. The Albany Times-Union, for example, moved out to the burbs decades ago.
I absolutely disagree. This is nothing but a ploy, one more way for these freakin' evil BIG MEDIA PIGS to stick it to the little man. All they care about it making money.
“Our building is under-utilized,” says Natoli. “Options include leasing open space to others, selling the building in a sale/lease-back (which could generate cash to pay down debt, without requiring a move) or selling the building and leasing space in another facility.”
They could open the executive gay hot tub to the gay public and charge for each 15 minutes of use.
They could rent out whores/reporters/editors for nooners.
They could sublet space to some Crack and Speed Dealers.
Al Qaeda would probably pay to sublet an office in the publisher's office.
Bookies could work in the printing room while the presses are idle.
The local DemonicRat Party could move in and to save rent money. Then they could better coordinate their latest lies about Republicans, GW and the wars in Iraq and Israel.
I never said this wasn't about making money. It absolutely is about making money. Hence my remarks about property value and property taxes.
It is less about the white flight aspect, however, that does affect property value and property taxes, so it is a secondary reason.
....whores/reporters/editors .....
A more sucinct term is "presstitute"
As in "collateral revenue can be generated from presstitute nooners."
TRANSLATION: We want to move to the suburbs and get out of this socialist, union, 50 years of democrat corruption city...
Buy the newly-available Bulletin in Philly. It's ... wait for it ... fairly conservative !
This Great! My best laugh of the morning:
"whores/reporters/editors .....
A more sucinct term is "presstitute"
"As in "collateral revenue can be generated from presstitute nooners."
bump
Our local rag would never do this . . . they hate the suburbs. To do so would be illogical and hypocritica . .
Never mind.
ok..I kinda figured you were being sarcastic but sometimes people around here actually are that uptight.
Is there ANY reason for real businesses to be in Philly?
Moving to the suburbs? sputter . . . sputter . . .Don't they know that there's Republicans there?
What can they be thinking?
</sarcasm>
Business, says Natoli’s memo, is "Not so good. Ad revenues increased by 1 percent in May, but June and July combined will be down 7-8 percent."
AKA "the nut" of the story.
"The prestige! The publisher’s office is small, but it’s very elite."
Illustrates "the nut", if you will, of Journalism'sTM megalomania.
Payroll has already been converted from Fidelity to ADP (great job by the conversion team in completing a four month project in four weeks). We have an agreement with a local vendor, SAP, for the software to handle financial systems – general ledger, accounts payable, procurement and fixed assets. We have purchased our own insurance for everything from property, to autos to libel. We now contract directly for healthcare for non-union employees and workers comp for everyone. A host of other changes are still to come.
The sneaky bastards running Inky want to try to keep rank-and-file employees in the dark about executive compensation. Apparently Inky currently offers up lots of InfoTech opportunity ($$$) to geek hustlers. Hard for a pragmatic results oriented person like me to see how spending tons of cash on pricey/Eurotrashy IT actually helps their bottom line. Instead you'll need to contact the guy at 50,000' to draw a big picture for you.
Inky's spending tens of millions on a new fishwrap press. They're heavily buying into a new IT infrastructure. Now all they need is a few good subscribers to buy their stories. BWAHAHAHAHAHAHA
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